a. 7VEN TECHNOLOGIES (“we,” “us,” “7VEN,” or “our”) is a private limited liability company. In these Terms, references to “you,” “your,” or “client” refer to you, unless otherwise stated.
b. For your protection and satisfaction, it is important that you carefully read this Agreement as well as any other policies, additional documents, and information available on our website before opening a trading account with us. By default, you must read, agree to, and accept all the General Terms and Conditions outlined below, as well as any additional documents incorporated herein by reference, before establishing a business relationship with us (without modifications).
c. If you object to any of these General Terms and Conditions, or any part thereof, and/or do not agree to be bound by these General Terms and Conditions, or any part thereof, do not access and/or use our online trading facility in any way and inform us in writing immediately.
d. By accepting this document, you agree to be bound by these Terms and Conditions and our Terms of Business (including any schedules, annexes, exhibits, amendments, and/or side agreements, if any) that apply to your account. These are always subject to any applicable laws. In the event of any conflicts or inconsistencies between our Terms of Business and this Agreement, our Terms of Business shall prevail.
---
Article 2. Business Model
a. The Company offers investments in Over-the-Counter (“OTC”) products, Contracts for Difference (“CFDs”), and Crowdfunding activities, all of which are subject to market risk. This Statement is for informational purposes, and we make no warranties or guarantees regarding the content. The terms herein do not account for individual investment objectives, financial situations, or the disclosure of all risks associated with our investment services. You acknowledge and agree to seek individual financial advice based on your specific circumstances before making any investment decisions based on the information in this Statement.
b. The Client has read, understood, and accepted the risks, including but not limited to those listed below:
i. A financial instrument related to foreign markets (such as a crowdfunding project) may involve risks different from those typically encountered in the client’s country of residence. In some circumstances, these risks may be greater. The profit or loss from transactions in foreign markets is influenced by exchange rate risk and other international factors such as geopolitical risk.
ii. Financial instruments and crowdfunding operations may lack liquidity due to reduced demand or supply, meaning that the client may not be able to sell them or may have difficulty obtaining information on their price.
iii. Tax implications are the sole responsibility of the client. The Client must ensure that investing in such operations is not subject to tax and/or any other duty in the Client’s jurisdiction. The Client is responsible for any taxes and/or other duties that may arise concerning their trades.
---
Article 3. Speculative and Risk Operations
a. This type of operation is highly speculative, involves significant risk of loss, and is not suitable for all investors. It is only suitable for those customers who: understand and are willing to assume the economic, legal, and other risks involved; are experienced and knowledgeable about trading in derivatives and underlying asset types; and are financially able to assume losses significantly in excess of margin or deposits, as investors may lose the total value of the contract, not just the margin or deposit.
b. Our crowdfunding operations are not considered appropriate investments for retirement funds. Crowdfunding transactions carry a higher level of risk and can result in substantial losses of invested capital. The client represents, warrants, acknowledges, and understands the associated risks, and is willing and able, financially and otherwise, to assume these risks. The loss of the client’s entire account balance will not alter the client’s lifestyle.
---
Article 4. Risks Associated with Trading on Forex and Cryptocurrencies
a. Trading on Forex (Foreign Exchange) with an underlying asset listed in a currency other than your base currency entails currency risk. When such transactions are settled in a currency other than your base currency, the value of your return may be affected by its conversion into the base currency.
b. When trading in cryptocurrencies, you should acknowledge and understand that cryptocurrencies are digital currencies not issued by any central bank or any other issuer, and encryption technology is used to facilitate the generation of units. Therefore, trading in cryptocurrencies is not appropriate for all investors. You must understand and accept the specific characteristics and risks associated with these products.
c. Pricing of cryptocurrencies is derived from digital exchanges, and due to the non-regulated nature of such exchanges, market data and price feed information provided by these exchanges may significantly differ from the rules and practices observed by regulated exchanges. Pricing rules are solely dependent on the discretion of these exchanges and can be changed at any time.
d. Furthermore, digital exchanges may introduce trading suspensions or cessation of trading, or the price and market feed may become unavailable to us. As a result, these risks could materially adversely affect your account value and open positions, including the loss of all your investment amounts. In the event of a temporary or permanent disruption, or discontinuation of trading on any of the digital exchanges from which we derive our price feed for the relevant cryptocurrency, your positions will be priced at the last available price. You may be unable to close or liquidate your position or withdraw any funds related to such a position until trading resumes, if at all. You accept that when trading resumes, there may be a significant price difference (gap) which may substantially impact your positions and potentially result in significant gains or losses. If trading does not resume, your entire investment may be lost completely.
---
Article 5. High Leverage and Low Margin Can Lead to Quick Losses
a. The high degree of “gearing” or “leverage” is a particular feature of our operations. Leverage makes investing riskier than investing directly in the underlying asset. This stems from the margin system, which generally involves a small deposit relative to the size of the transaction, so that a relatively small price movement in the underlying asset can have a disproportionately dramatic effect on your trade. This can be both advantageous and disadvantageous. A small price movement in your favour can provide a high return on the deposit, but a small price movement against you may result in significant losses. Your losses will never exceed the balance of your account, which will be balanced to zero if the losses exceed the amount deposited. Such losses can occur quickly. The greater the leverage, the greater the risk. The size of the leverage therefore partly determines the result of your investment.
b. The client must maintain the minimum margin requirement on their open positions at all times. It is the client’s responsibility to monitor their account balance. You may receive a margin call to deposit additional funds if the margin in the account is too low.
c. The Company has the right to liquidate any or all open positions whenever the minimum margin requirement is not maintained. This may result in the client’s operations being closed at a loss, for which you will be liable. Additionally, the client must continuously monitor any open positions to avoid positions being closed due to the unavailability of funds. It should be noted that the Company is not responsible for notifying you of such instances.
---
Article 6. One-Click Trading and Immediate Execution
a. The Company’s online system provides immediate transmission of the client’s order once the client enters the notional amount and clicks the connected button. This means that there is no opportunity to review the order, and Market Orders cannot be cancelled or modified. This feature may differ from other trading systems you have used.
b. The client acknowledges and agrees that by using the Company’s online trading system, they also agree to the one-click system and accept the risk of this immediate transmission/execution feature.
a. The Company is not an adviser or fiduciary to its clients. We may provide generic market recommendations, but these do not constitute personal recommendations or investment advice and have not considered your personal circumstances or investment objectives. They are not an offer to buy or sell, nor the solicitation of an offer to buy or sell, any Foreign Exchange Contracts or Cross-Currency Contracts. The decision to operate with the Company and each decision as to whether a transaction is appropriate or proper for the client is an independent decision made by the client.
b. The Company is not acting as an advisor or serving as a fiduciary to the client. The client agrees that the Company has no fiduciary duty to the client and no liability in connection with, and is not responsible for, any liabilities, claims, damages, costs, and expenses, including attorneys’ fees, incurred in connection with the client following the Company’s generic trading recommendations or taking or not taking any action based upon any generic recommendation or information provided by the Company.
---
Article 8. Disclaimer
a. The Company does not guarantee recommendations. The generic market recommendations provided by the Company are solely based on the judgment of the Company’s personnel and should be considered as such. The client acknowledges that any transactions undertaken by the client are based on their sole judgment. Any market recommendations provided are generic only and may or may not be consistent with the market positions or intentions of the Company and/or its affiliates.
b. The generic market recommendations of the Company are based on information believed to be reliable, but the Company cannot and does not guarantee the accuracy or completeness of this information or represent that following such recommendations will reduce or eliminate risk.
c. There are no guarantees of profit nor of avoiding losses when operating with us. The client has received no such guarantees from the Company or any of its representatives. The client is aware of the risks inherent in operating with us and is financially able to bear such risks and withstand any losses incurred.
d. The Company’s publications are not updated after their release and may become inaccurate or misleading to clients due to changing circumstances, which may occur within seconds, minutes, days, weeks, or months, depending on the information. We assume no liability and provide no guarantee to any recipient regarding the timeliness or accuracy of our publications.
e. We endeavour to obtain information from reliable sources, but we do not provide any express or implied warranty for the accuracy, completeness, or suitability of any publication. The Company shall not be liable for any publication being incomplete, inaccurate, or unsuitable, including, but not limited to: (1) the accuracy and/or discontinuance of any market quotations, and (2) any error, inaccuracy, interruption, or omission in providing market quotations.
f. We reserve the right, at our sole discretion, to withdraw or amend any publication or information provided at any time without prior or subsequent notice.
---
Article 9. Internet Operations
a. When a client trades online (via the internet), the Company shall not be liable for any claims, losses, damages, costs, or expenses caused, directly or indirectly, by any malfunction, disruption, or failure of any transmission, communication system, computer facility, or trading software, whether such issues are associated with the Company, the client, any exchange, or any settlement or clearing system.
b. Neither the Company nor any of its directors, officers, employees, agents, contractors, affiliates, third-party vendors, facilities, information providers, licensors, exchanges, clearing organizations, or other suppliers providing data, information, or services warrant that the Electronic Platform will be uninterrupted or error-free most of the time. The Company also does not warrant the results that may be obtained from using the Electronic Platform, the timeliness, sequence, accuracy, completeness, reliability, or content of any information, service, or transaction provided through the Electronic Platform, or that the client’s systems will remain unaffected or undamaged by any malicious software. Furthermore, the Company does not guarantee that any data will not be intercepted by third parties.
c. In the event that the client’s access to the Electronic Platform or any portion thereof is restricted or unavailable, the client agrees to use other means to place orders or access information, such as by calling the Company and/or a Company representative.
---
Article 10. Review
a. The Company must evaluate its internal controls, procedures, and policies on an ongoing basis to identify common regulatory issues and initiate relevant changes to make the complaint resolution systems more efficient and effective.
b. The Company’s policy is assessed and periodically reviewed at least on an annual basis, or more frequently if necessary. Any amendments to this policy shall be approved by the Company’s Board of Directors. The client shall be notified in writing of any changes deemed appropriate by law, and the revised policy will be made available on the Company’s website.